Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net Income (Loss) from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income (loss) from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):

	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2015			2014			2015			2014
Numerators – Basic and Diluted
Continuing Operations:
Income (loss) from continuing operations	$	18,030		$	6,650		$	(242,198	)	$	54,426
Plus: Gain on disposition of real estate		41,793			2,262			78,154			2,645
Plus: (Income) loss attributable to non-controlling interests		(268	)		2,125			(1,590	)		1,623
Less: Write-off of preferred share original issuance costs		—			—			—			(1,943	)
Less: Preferred dividends		(5,594	)		(5,594	)		(16,781	)		(18,460	)
Less: Earnings attributable to unvested shares and operating    partnership units		(221	)		(463	)		(1,075	)		(1,238	)
Income (loss) from continuing operations		53,740			4,980			(183,490	)		37,053
Discontinued Operations:
Income from discontinued operations		—			57,569			—			67,926
Plus: Loss attributable to non-controlling interests		—			—			—			1,362
Net income (loss) attributable to common shareholders after allocation    to participating securities	$	53,740		$	62,549		$	(183,490	)	$	106,341
Denominators – Number of Shares
Basic—Average shares outstanding		361,107			358,025			360,341			357,824
Effect of dilutive securities:
Senior convertible notes		2,085			—			—			—
Stock options		379			487			—			468
Diluted—Average shares outstanding		363,571			358,512			360,341			358,292
Basic Earnings Per Share:
Income (loss) from continuing operations attributable to common    shareholders	$	0.15		$	0.01		$	(0.51	)	$	0.10
Income from discontinued operations attributable to common    shareholders		—			0.16			—			0.20
Net income (loss) attributable to common shareholders	$	0.15		$	0.17		$	(0.51	)	$	0.30
Diluted Earnings Per Share:
Income (loss) from continuing operations attributable to common    shareholders	$	0.15		$	0.01		$	(0.51	)	$	0.10
Income from discontinued operations attributable to common    shareholders		—			0.16			—			0.20
Net income (loss) attributable to common shareholders	$	0.15		$	0.17		$	(0.51	)	$	0.30

Common Share Dividends Declared Per Share

Common share dividends declared per share were as follows:

	Three Months				Nine Months
	Ended September 30,				Ended September 30,
	2015		2014		2015		2014
Common share dividends declared per share	$	0.1725	$	0.155	$	0.5175	$	0.465